"Cambodia does have a lot of natural resources, it does have an ambitious population, and it does have some assets," said Singapore-based Rogers, chairman of Rogers Holdings
Chim
Cambodia draws interest of private equity
By Netty Ismail, Bloomberg
SINGAPORE -- Private-equity investors are venturing into Cambodia, as
the nation that three decades ago abolished money under the Khmer
Rouge seeks more than US$6 billion to rebuild itself.
Leopard Capital and Cambodia Investment & Development Fund are among
those planning to put more than US$450 million in the second-poorest
of 10 Southeast Asian nations. Cambodia Investment is getting advice
from Jim Rogers, who predicted the start of the commodities boom in
1999, and Marc Faber, who forecast Asian assets would decline before
the regional financial crisis in 1997.
"It's a country that's changed a lot and investors are finally waking
up to that," said Douglas Clayton, founder of Leopard Capital, who is
based in Phnom Penh and is seeking to raise US$100 million. "Most
people have an outdated perception of Cambodia; clearly the country
has made significant progress."
Prime Minister Hun Sen is relying on the country's oil and mineral
resources to attract foreign investments and reduce Cambodia's
dependence on clothing exports and tourism for growth as he prepares
for an election in July. The funds will move money into banks, office
buildings, luxury hotels, ports and other projects.
"Cambodia does have a lot of natural resources, it does have an
ambitious population, and it does have some assets," said Singapore-
based Rogers, who co-founded the Quantum hedge fund with George Soros
during the 1970s, and is now chairman of Rogers Holdings. "Most
countries that come out of something like they have are inclined to be
pretty safe for a while because they're trying to get money in."
Leopard Capital's first planned investment, a housing project in Siem
Reap, probably will generate a return of more than 60 percent a year,
about three times the internal target for private-equity investments,
said Clayton, who moved to Phnom Penh from Bangkok last June.
Clayton was a hedge fund manager at Knight Asia Group and head of CLSA
Securities in Thailand before setting up Leopard Capital in 2007.
Faber, publisher of the Gloom, Boom & Doom report, is a director at
Leopard Capital.
Peter Brimble and Bradley Gordon, Clayton's former partners at Leopard
Capital, are starting the US$100 million Cambodia Emerald fund this
year to invest in tourism, agriculture, financial institutions,
infrastructure and real estate.
The fund plans to close at least one deal before the end of the year,
said Brimble, who's based in Phnom Penh. LR Global Partners in New
York and London-based Kazimir Partners are investors in Cambodia
Emerald, he said.
Jesus Christ the Holy Cunt Fucker
you can do a lot with 400 milion UIS$ in Thailand and in
Vietnam .
no body would , in their right mind would put more than
50 million US$ into Cambodia ,
the BHP has been here in Cambodia for a long time ,
and prince Awaleed just bought the Royal Grand hotel for
less than 50 millions US$ .
400 million us$ is a lot of stinky gaz from Jim Rogers .
Chim
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In investment, risk is an opportunity. Those who understand risk which
is the consequence of different variables such as economics, politics,
and culture would approach it with more certainty and insight than the
average person who only cares about the moment.
Best investment decisions are made when the economy is beginning to
take off. This is the area of the inflection point when things would
make a lot of difference between making money and just parking it for
a low rate of growth. When the economy matures, savvy investors would
move money some place else. Why? Because the rate of growth in such an
environment is tapering off. The momentum is beginning to evaporate.
That's why Mr. Rogers left New York and established his headquarters
in where the action is.
You mention about Thailand and Vietnam. Of course, Thailand is still
growing and it has a better workforce than Cambodia or Vietnam. But
its economy has begun to mature. From now on, Thailand needs to
reinvent itself through innovation, management expertise and expansion
into other Asian countries in order to keep the growth moving up.
Otherwise, productivity would slow down. Likewise, the economy would
do so. For the last 5 years, the growth of the economy in Cambodia far
exceeds the one in Thailand.
And Vietnam? Economic expansion of Vietnam is likely to be based on
greed and aggression, but not on authentic growth as experienced and
in relationship to Cambodia's. All 3 countries are emerging economies.
But among the 3 nations, Cambodia's rate of economic growth is higher
and likewise very risky. That's where the opportunity is. This is also
where Mr. Rogers is betting his money.
Mohammed the Holy Fucker
400 millions >
you can buy the CPP with 400 million US$ .
> where Mr. Rogers is betting his money.- Hide quoted text -
Chim
wrote:
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It may be fantasy. But he's a billionaire and he has a methodology.
It's not my money. A lot of Cambodian American folks in the US are
doing the same thing, moving money from their home equity or borrowing
money against the equity in the US and buying or reinvest it in
Cambodia.
According to the feedback, the value of the investment has so far
moved up dramatically. But some of these people are buying properties
for retirement and investment at the same time.
From what I know, private equity does not give a damn about politics
or productivity. Its only mission is to increase valuation of its
holdings. Once it thinks that the rate of growth is about to become
negative, it begins the process of liquidation. It has no love for
company like the average investor or professional worker who cares
only about the arts and sciences of its profession.
the Fucking Boudha
> only about the arts and sciences of its profession.- Hide quoted text -